Togan, SübideyHoekman, Bernard M.2012-06-082012-06-0820050-8213-5932-0https://hdl.handle.net/10986/7494This volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the Acquis Communautaire, and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies. This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements. The book is divided into four parts: 1) An analysis of the macroeconomic policies for EU accession; 2) An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries; 3) An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental Acquis; and 4) The quantification of the impact of EU accession and consideration of the welfare effects of integration. While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements.en-USCC BY 3.0 IGOACCOUNTINGAFFILIATESAGRICULTURAL COMMODITIESAGRICULTURAL INCOMESAGRICULTURAL MARKETSAGRICULTURAL PRODUCTIONAGRICULTURAL PRODUCTSAGRICULTURAL SECTORAGRICULTURAL SUPPORTAGRICULTURAL TRADEAGRICULTUREANTIDUMPINGAVERAGE TARIFFBANK RESTRUCTURINGBANKING SECTORBANKING SERVICESBANKING SYSTEMBORDER TRADEBUDGET CONSTRAINTSCAPITAL ADEQUACYCAPITAL ADEQUACY RATIOSCAPITAL FLOWSCAPITAL FORMATIONCENTRAL BANKCENTRAL BANKSCOALCOMPARATIVE ANALYSISCOMPETITION POLICIESCONCESSIONSCONSUMER PRICE INDEXCONSUMER PRICESCONSUMERSCOUNTRY OF ORIGINCPICROP PRODUCTIONCURRENCYCURRENT ACCOUNTCURRENT ACCOUNT DEFICITDAIRY PRODUCTSDEBTDECISION MAKINGDEPOSITSDEVELOPMENT STRATEGIESECONOMIC ACTIVITYECONOMIC CONDITIONSECONOMIC COOPERATIONECONOMIC EFFECTSECONOMIC EXPANSIONECONOMIC GROWTHECONOMIC IMPLICATIONSECONOMIC INTEGRATIONECONOMIC POLICYECONOMIC REFORMECONOMIC RELATIONSECONOMIC STABILIZATIONECONOMICSECONOMISTSELASTICITYENVIRONMENTALENVIRONMENTAL COSTSENVIRONMENTAL POLICYEQUILIBRIUMEUROPEAN CENTRAL BANKEXCHANGE RATEEXCHANGE RATE MECHANISMEXPENDITURESEXPORT SUBSIDIESEXPORTSFINANCIAL STRENGTHFINANCIAL STRENGTH RATINGFISCAL POLICYFOREIGN DEBTFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN TRADEFREE TRADEFREE TRADE AGREEMENTSGDPGENERAL EQUILIBRIUM MODELGNPGRAVITY EQUATIONGRAVITY ESTIMATESGROSS DOMESTIC PRODUCTGROSS FIXED CAPITAL FORMATIONGROSS NATIONAL PRODUCTGROWTH RATEHARD BUDGET CONSTRAINTSHIGH UNEMPLOYMENTIMPORT BARRIERSIMPORT TARIFFSIMPORTSINCOMEINDUSTRIAL PRODUCTSINFLATIONINFLATION RATEINSURANCEINTEREST RATESLABOR FORCELABOR MARKET POLICIESLAND USELEGAL FRAMEWORKLEGISLATIONLIBERALIZATION OF TRADELIQUIDITYMACROECONOMIC POLICIESMACROECONOMIC SHOCKSMACROECONOMIC STABILITYMARKET ACCESSMARKET PRICESMARKET­CLEARING PRICESMEATMIDDLE EASTMIGRATIONMONETARY POLICYMUTUAL RECOGNITIONNONPERFORMING LOANSOILPOLITICAL EFFECTSPOULTRYPREFERENTIAL TRADEPREFERENTIAL TRADE AGREEMENTSPREFERENTIAL TREATMENTPRICE CONTROLSPRICE STABILITYPRICE SUPPORTPRICE SUPPORTSPRIVATE CONSUMPTIONPRIVATIZATIONPRODUCERSPRODUCTIVITYPROFIT MARGINSPROPERTY RIGHTSPROTECTION RATESPUBLIC DEBTPUBLIC PARTICIPATIONPURCHASING POWERQUOTASREAL EXCHANGE RATEREAL GNPREAL INCOMEREAL INTEREST RATERECAPITALIZATIONREDUCTION IN TARIFFSREGIONAL INTEGRATIONREGULATORY REGIMESRETURN ON EQUITYSAVINGSSECURITIESSTATE ENTERPRISESSUBSIDIARYSUGARSUGAR BEETSUGAR BEETSSUGAR PRODUCTSSUSTAINABLE GROWTHTARIFF EQUIVALENTSTARIFF RATETARIFF RATESTAX REVENUETELECOMMUNICATIONSTOBACCOTOTAL FACTOR PRODUCTIVITYTOTAL OUTPUTTRADE AGREEMENTTRANSNATIONAL CORPORATIONSTRANSPORTUNEMPLOYMENTUNEMPLOYMENT RATEVALUE ADDEDVEGETABLESWAGE DIFFERENTIALSWORLD TRADEWORLD TRADE ORGANIZATIONWTOWorld Bank10.1596/978-0-8213-5932-0